EMI: ₹5,018/month at 12.5%. Min income: ₹9,124/month.
A ₹1.5 Lakh bike loan from Karur Vysya Bank at 12.5% interest for 3 years will cost you ₹5,018 per month as EMI. You will pay a total interest of ₹30,648 over the loan tenure. The minimum monthly income needed is ₹9,124 (assuming no existing EMIs).
Karur Vysya Bank Bike Loan EMI for ₹1.5 Lakh at 12.5% for 3 years is ₹5,018 per month.
You need a minimum monthly income of ₹9,124 for a ₹1.5 Lakh bike loan from Karur Vysya Bank (at 12.5% rate, assuming no existing EMIs).
The total interest payable on ₹1.5 Lakh bike loan from Karur Vysya Bank at 12.5% for 3 years is ₹30,648.
Karur Vysya Bank charges a processing fee of 0.50% + GST for Bike Loan.
Karur Vysya Bank Bike Loan prepayment policy: Nil after 6 months.